Borders Parkway Parade store to close on Sept 26

Borders' judicial manager Mr Tim Reid has indicated that he will advise creditors, including gift card holders, how he proposes to deal with their claims soon. -- ST PHOTO: BRYAN VAN DER BEEK The Borders Parkway Parade store will close at 9pm on Monday evening, Sept 26. The book retailer has started a final closing down sale with a 70-per-cent discount of all stocks in the store, the company announced in a press release on Friday. According to Mr Tim Reid of Ferrier Hodgson, the judicial manager of Borders Pte Ltd, Borders Singapore secured rights to the use of the 'Borders' brand and intellectual property rights through a brand licence agreement that was secured when the Australian, New Zealand and Singaporean Borders operations were purchased from Borders USA. On Wednesday, said Mr Reid, Borders USA terminated the agreement, giving 90 days' notice to Borders Singapore to...